Voting Results from Reconvened EGM
Extraordinary General Meeting of
Northland Resources S.A. (the "Company")
held on August 23, 2010
Report on Voting Results
Resolution 1: Reduction of the Company's share capital by an amount of one hundred seventy-two million one hundred and seventeen thousand four hundred eighty-seven Canadian Dollars and eight cents (CAD 172,117,487.08) down to a total amount of eleven million one hundred and four thousand eight hundred eighty-nine Canadian Dollars and ninety cents (CAD 11,104,889.90), through a reduction of the accounting par value (pair comptable) of the Company's shares from their current accounting par value (pair comptable) of one Canadian Dollar and sixty-five cents (CAD 1.65) each down to an accounting par value (pair comptable) of ten Canadian cents (CAD 0.10) each; allocation of the proceeds of such share capital reduction to the Company's share premium account, and subsequent amendment of article 5.1 of the Company's articles of association.
Voting Result: Resolution 1 was approved. Shares voted for: 44,751,200 (99.81%), shares voted against: 85,221 (0.19%).
Resolution 2: Change of the financial year of the Company which currently begins on the 1st February and ends on the 31st January of each year, so as to begin on the 1st January and to end on the 31st December of each year and subsequent amendment of article 10.1 of the Company's articles of association.
Voting Result: Resolution 2 was approved. Shares voted for: 44,830,491 (99.99%), shares voted against: 5,930 (0.01%).
DATED: August 23, 2010
"Karl-Axel Waplan"
Karl-Axel Waplan
President and CEO